
31 Homestead Circle Hamilton — Photo 1 of 39
$749,000
Investment Analysis — 31 Homestead Circle
Hamilton, MA 01982 — South Hamilton
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01982 carries an estimated $3,390/mo in gross rent — about a 2.78% cap rate and $20,798/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,404
Style
Single Family
Built
1967
Welcome to one of the North Shore's most special neighborhoods. Set on a generous 0.3-acre lot just a stone's throw from the prestigious Myopia Hunt Club, this charming 1967 Cape has been maintained by the same family for many years. Recently refreshed with a painted interior and some laminate flooring, the home offers warmth, character, and endless possibilities. The inviting living room features a lovely wood-burning fireplace, creating the perfect gathering space for family and friends. A flexible floor plan includes four bedrooms and offers the versatility to accommodate a formal dining room, home office, guest room, or playroom, depending on your needs.Outside, the expansive 14,000+ square foot lot provides plenty of room to create your dream outdoor living space, whether you envision a patio, gardens, outdoor entertaining area, or play space. A two-car garage adds convenience and storage. Located in a community renowned for its scenic horse farms, extensive riding trails, and quintessential New England charm, this property also benefits from the highly regarded Hamilton-Wenham Regional School District. Combining a coveted location, flexible living spaces, and exceptional potential, this is a rare opportunity to make this well-loved home your own.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 702 sq ft (the lesser of 900 sq ft or half the 1,404 sq ft principal dwelling). Lot size: 14,858 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Shopping • Park • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset, Flooring - Hardwood, Exterior Access
Kitchen
Lvl Main,FirstFlooring - Vinyl, Exterior Access
Master Bedroom
Lvl Main,FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondCloset
Bedroom 4
Lvl SecondCloset
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Laminate
Listing Agent: Wendy Webber
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73569138